Research Discussion Paper – RDP 2019-06 The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data


We would like to thank James Bishop, Nick Garvin, Aaron Hedlund, David Norman, John Simon, Peter Tulip, Michelle Wright, and seminar participants at the Bank for International Settlements, the Australian Treasury, the Deakin University Centre for Banking and Financial Stability Workshop, the Reserve Bank of New Zealand and the Reserve Bank of Australia for their helpful comments and suggestions. The views expressed in this paper are our own and do not necessarily reflect the views of the Reserve Bank of Australia. Any errors are our own.